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Priorities

The Elegant Swan and Clumsy Duck: What Is Recharacterization in Bankruptcy?

Swan deals in recharacterization

A court may recharacterize a creditor’s debt claim as an equity interest. This recharacterization often has a significant impact on creditor claims.

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Possessing the Unpossessable – Holding Digital Assets in Your UCC Hands

Digital Assets

Digital assets generally cannot be physically held, but they may now be legally possessed, under the UCC in Delaware and other states that have adopted identical provisions of the UCC or similar legislation.

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Corporate Restructuring — Liability Management Transactions, Private Credit, and the Road Ahead

Corporate Restructuring

The utilization of LMTs, including the use of private credit, in recent restructurings, and the potential role of AI, could permanently change the game of negotiating credit agreements.

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Chapter 15 Bankruptcy: A Concise Overview

Chapter 15 Bankruptcy

Chapter 15 bankruptcies can reach across international borders, and as such, US bankruptcy courts may need to be involved to resolve claims.

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Introduction to Distressed Debt Analysis: 4 Company Valuation Methods for Investors

Calculating valuation methods

Using Your Personal Experience and Expertise to Formulate an Investment Thesis It’s time to take an in-depth look at distressed debt investing and how you can use your personal experience together with company valuation methods to make decisions. Most investors will want to enter the distressed investing space by relying on the expertise of various funds that focus on these types of investments. Thus, I’ll address the constraints an individual investor faces and how one determined to make their picks can gain an advantage over others in the markets. You […]

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Uptier Transactions and Other Lender-on-Lender Violence: The Potential for More Litigation and Disputes on the Horizon

Lender on lender violence

Lender-on-lender violence has been noted more in recent news, and have been increasingly used in out-of-court restructurings in recent years including during the COVID-19 pandemic.

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90 Second Lesson: What is the Difference Between Recharacterization and Equitable Subordination?

Recharacterization and equitable subordination as tools for altering order of priority of creditors

Although commonly used interchangeably, recharacterization and equitable subordination have different purposes and effects on order of priority of claims.

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Dealing with Corporate Distress 10: All About “Claims” Outside Bankruptcy

dealing with corporate distress 10

A Series on the ABCs of ABCs, when it comes to claims there’s a plethora of them. From secured, to unsecured, to bankruptcy, and trade. Read all the basics in this installment of Dealing with Corporate Distress. This Installment expands on the complexity of claims and claim priority in bankruptcy.

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Legacies of the Jevic Case: Structured Dismissals Five Years after the Fall

Legacies of the Jevic Case: Structured Dismissals Five Years after the Fall

The Jevic case upheld the absolute priority rule, but it did not prohibit structured dismissals. How are structured dismissals affected post-Jevic?

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